Written and reported by Antonio Amorosi
The biggest European tax scam. E’ German, and 55 mld.
Censorship on TV All power to the banks? Here is the biggest European tax fraud, 55 billions of euros, and the Italian news programs don't carry a single line… . Schauble sapeva ma…
TIME WIDELY EXPIRED
Maybe: perhaps it will be because the presidency of the ECB is now over given Angela Merkel's preference for the command of the EU commission. Or perhaps because it has to face the twin crises of Deutsche Bank and Commerzbank. The fact remains that, for the first time the head of the Bundesbank, Jens Weidmann admits that the German credit giants were not victims of the crisis 2008. If anything protagonists. “Many banks took on risks they couldn't bear,” he says in a statement’ interview published by Bild, the most widely circulated German newspaper.
CONTINUE ON: https://www.liberoquotidiano.it/news/economia/13378804/banche-tedesche-marce-deutsche-bank-commerz-bank-non-valgono-piu-nulla-assieme-meno-di-unicredit.html Read More
Of Roberto Pecchioli
Source: Heretically
Consulting foreign newspapers broadens your horizon. Far from our home journalism, busy rummaging through CVs or fueling fascist hunts - now it's the Minister of the Family's turn Lorenzo Fontana – we can read interesting news carefully hidden from us. An example is the European Central Bank report entitled “On the sources of economic cycles. Implications for DSGE models.” The acronym means General Equilibrium of Stochastic Dynamics. In the initiatory jargon of economists, stochastic stands for probabilistic, and talking about probable scenarios is already a nice bath of humility on the part of the snooty masters of histograms and mathematical models. Economists are very good at explaining in retrospect how things did not go as they had predicted. Il report of the ECB follows the opposite path, a commendable example of realism and concrete research. Read More
Written and reported by Marco Milioni
«Small banking disputes under 100 thousand euros? I pretty much am all contestable by savers. For this reason, when credit institutions make demands, know that most of the time they are inadmissible, which is why we invite everyone to have those reports examined by a specialist". It is Alfredo Belluco who speaks in such peremptory tones, Venetian president and regional vice-president of Confedercontribuenti, a consumer association among the most active during the scandal of the reversals of the former popular Venetian companies VeBa and BpVi.
However Belluco in the video interview given to Alganews.it issues another warning. In his opinion, the issue of non-performing loans in the belly of the banks (slangly known as non performing loans about Eg) it is nothing more than "a half-sham" designed to attack the assets of small savers precisely in light of the fact that the requests made to the latter are too frequently tainted by unfairness of all kinds starting from «from the application of usurious rates which are prohibited by law». Then the banks, Belluco still maintains, they would have inflated the claims made to many account holders also with the aim of dressing up their balance sheets to be "more attractive for the stock market and other investors".
CONTINUE ON: https://www.alganews.it/2018/06/12/i-consumatori-npl-e-gacs-un-grande-imbroglio/ Read More
The objective data is that in Italy, if Merkel doesn't like you, the EU and the IMF cannot be governed. Even if you have a parliamentary majority, a shared program, an appointed prime minister, the team of ministers. The fact, which emerged yesterday in its total drama, what should not be surprising but rather indignant is that those who would like to change the political situation are stopped by the strong powers. (n.d.r.)
Skipped the Lega-M5s government, Italy remains under special observation. The differential between Ten-year BTPs e Bund tedeschi, although controlled by the quantitative easing of the Bce, it immediately began to expand beyond the 200 basis points after opening at odds 190,3 points against i 204 of the closing on Friday. The harsh institutional conflict weighs heavily, with the contractors who evoke theimpeachment for the head of state who he called to Colle Carlo Cottarelli with the intention of entrusting him with the task of forming a technical executive. Il yield on the ten-year bond Italian, who had come down to the 2,34%, he returned to the 2,43%. Read More
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Visco is wrong, Italian banks are not doing well (and without a strong Government there will be trouble)
In a lectio magistralis in Tor Vergata, the Governor of the Bank of Italy reiterated that the problems do not depend on a lack of supervision, but from the crisis. But before 2008 many mistakes were made. Now we need an authoritative government, which however is not on the horizon. (Of Stefano Crawlers, LAWS)
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